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DTSTART;TZID=Europe/Paris:20230118T160000
DTEND;TZID=Europe/Paris:20230118T173000
DTSTAMP:20230113T144025Z
CREATED:20230113T143954Z
LAST-MODIFIED:20230113T144025Z
UID:16711-1674057600-1674063000@i3-cnrs.fr
SUMMARY:CERNA Research Seminar will welcome Daniel Stoehlker (European Commission)
DESCRIPTION:The Pass-Through of Temporary VAT Rate Cuts: Evidence from German Supermarket Retail \n(joint with Clemens Fuest and Florian Neumeier)  \nOn 1 July 2020\, value added tax (VAT) rates were reduced in Germany to fight the economic consequences of the Corona pandemic. The VAT rate reduction was only temporary\, though\, and rates went up to their previous level on 1 January 2021. We study the price effects of the temporary VAT rate reduction in German supermarket retail using an extensive web-scrapped data set covering the daily prices of roughly 130\,000 products. To identify the causal price effects\, we compare the development of prices in Germany to those in Austria. Our findings indicate an asymmetric price response to the VAT rate cut and subsequent increase. The reduction of VAT rates led to a price decrease of roughly 1.3%\, implying that about 70% of the tax cut were passed on to consumers. In contrast\, the price effect of the VAT increase was only about half that size. We also document that the pass-through of the VAT reduction was higher in highly competitive product markets. \n\nThe paper is attached for your interest: wp-2020-341-fuest-neumeier-stoehlker-temporary-vat-rate-cuts
URL:https://i3-cnrs.fr/en/evenement/cerna-research-seminar-will-welcome-daniel-stoehlker-european-commission/
LOCATION:Mines ParisTech\, 60 Boulevard Saint-Michel\, Paris\, 75006\, France
CATEGORIES:Seminaires
ATTACH;FMTTYPE=image/png:https://i3-cnrs.fr/wp-content/uploads/2022/03/Cerna-Research-Seminar-1.png
ORGANIZER;CN="Sven HEIM":MAILTO:sven.heim@minesparis.psl.eu
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